The government is considering a major change to Pakistan’s petroleum taxation policy by gradually reducing the Petroleum Levy to between Rs. 5 and Rs. 10 per liter while exploring alternative sources to replace the revenue generated through the levy. According to a report by Business Recorder, the proposal aims to compensate for an estimated Rs. […]
Top Bidders Default on Payment for KP Premium Number Plates
The Excise Department Khyber Pakhtunkhwa has taken strict action after several top bidders failed to complete payments for premium vehicle number plates within the stipulated deadline. The department has confiscated bid securities submitted during the auction process. Officials confirmed that the defaulters had initially secured high-value plates during a competitive bidding round but did not […]